The worst stocks on the planet. Yes those. They're even buying those.
That's what happens in bull markets.
The CSI 300 is up over 4% overnight. This is the Chinese equivalent to the S&P500, which is now bouncing off support from Q1 and potentially putting in a historic double bottom:
Think about what this could mean to global markets, if even the worst stocks can't go down.
I mean, just look at the returns in China compared to the United States over the past 4 years, taking it back to before the prior cycle's peak.
Using this timeframe, you can really see the lack of recovery in China.
We've had some great trades come out of this small-cap-focused column since we launched it back in 2020 and started rotating it with our flagship bottom-up scan, Under the Hood.
For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1 and $2B.
That was fun, but we wanted to branch out a bit and allow some new stocks to find their way onto our list.
We expanded our universe to include some mid-caps.
Nowadays, to make the cut for our Minor Leaguers list, a company must have a market cap between $1 and $4B.
The world's important stock market index just made new all-time highs, again.
We don't know what the market is going to do next. No one does.
But here's what we do know.
Going back and looking at all the data since the beginning of time, we know FOR A FACT, that there is nothing more bullish for a stock than the price going up.
We know.
We have the data.
So do you!
But have you gone back and actually taken the time to count?
The most bullish thing a stock can do is go up in price.
Here is the Dow making new all-time highs (in price), after breaking out earlier this year from a multi-year bear market.
We love our bottoms-up scans here at All Star Charts. We tend to get really creative when making new universes as we want to be sure they will deliver us the best opportunities the market has to offer.
However, when it comes to this one, it couldn't be any simpler!
With the goal of finding more bullish setups, we have decided to expand one of our favorite scans and broaden our regular coverage of the largest US stocks.
Welcome to TheJunior Hall of Famers.
This scan is composed of the next 150 largest stocks by market cap, those that come after the top 150 and are thus covered by the Hall of Famers universe. Many of these names will someday graduate and join our original Hall Of Famers list. The idea here is to catch these big trends as early on as possible.
There is no need to overcomplicate things. Market cap is a quality filter at the end of the day. It only grows if price is rising. That's good enough for us.
If I learn something from someone and I quote it, I always do my best to also mention who I learned that from.
When someone on my team makes a good call, or builds something really valuable, I'm the first one who stands up to give them credit for it.
But this one is mine. I'll take the credit for this list.
Here's the thing though. While I did think building this would be a good idea, it has exceeded expectations across the board.
I may have made a good call. But I'm still a dummy for not realizing just how valuable this would end up being for us.
The market is humbling that way.
Without any further ado, let me present you with the All Star Charts Hall of Famers.
These are the largest 150 companies in America by market-cap. These are the stocks that are driving returns. These are the names that need to do well if you want your favorite indexes to do well too,
You guys know how much I appreciate the value we get from the Dow Jones Industrial Average.